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R. Williams, P.c. New York incorporation Services
* FILE CORPORATION THE SAME DAY ORDERED ONLY $160 WITH NO ADDITIONAL EXPEDITE FEE!
Mr. Williams has been assisting clients with corporate set up for
20 years and will make sure your corporation is set up correctly so that you
make money and save on taxes!
Let us set up your New York Corporation filed the day you order for only $160. The fee includes:*
*Consultation with experienced New York Lawyer
*New York filing fees
*Confirmation of filing with an email of the filing receipt and certificate of incorporation the same day after placing order
*Organizational meeting minutes
*Share certificates
*Seal
*MAKE YOUR CORPORATION AN S CORP FOR AN ADDITIONAL $55
*ADD FEDERAL TAX ID FOR $30
MORE CORPORATE INFORMATION:
The corporation is the most popular limited liability entity in the United States. The owners of the corporation are the shareholders, the overall management of the corporation is performed by the directors and the day to day operation of the corporation is performed by the officers, usually a president, vice president, secretary and treasurer. Where there is one shareholder, then that person can hold all of the positions in New York.
BENEFITS
*Use business expenses to offset income taxes
*Lease personal assets to the corporation, allowing the owners of the assets to reduce overall corporate tax liabilities, to claim lessor income from the corporation and to offset additional tax obligations with interest, depreciation, repairs, maintenance, and insurance costs (as lawyers we can prepare the leases for you acceptable to the IRS!)
*Create corporate retirement and medical plans, life insurance and retirement contributions at higher contribution limits
*Reduce personal tax liability by leaving income in the corporation rather than taking the funds as a salary.
THERE ARE 2 TYPES OF CORPORATIONS GENERALLY IN THE UNITED STATES WHICH HAVE DIFFERENT FORMATION REQUIREMENTS AND TAX OBLIGATIONS:
C CORPORATION - $160 includes New York state filing fees, certificate of incorporation, organizational meeting minutes, share certificates and seal - filing confirmed with 24 hours
This is the standard type of corporation for tax purposes – taxed at two levels. First, the overall income of the corporation is taxed at the state and federal level. Second, any after-tax-profits in the form of dividends to the shareholders, are taxed when the shareholders pay a tax on the dividend income - the second level of tax. Our fees for the c corporation starts at $160 depending upon the speed of service - includes the certificate of incorporation, filing receipt, organizational meeting minutes, by-laws, seal and share certificates with filing usually confirmed with an email in 24 working hours.
S CORPORATION - $225 includes New York state filing fees, certificate of incorporation, organizational meeting minutes, share certificates and seal plus s election paperwork- filing confirmed within 24 working hours
If the shareholders of the corporation number less than 100, and they are all US citizens or permanent residents or an estate or qualifying trust of such persons, then the shareholders can unanimously elect to be taxed as a s corporation. Upon such election, the corporation’s profits pass through directly to the shareholders who report all of the corporate income on their personal tax return. By electing this “pass through” the corporation avoids paying federal corporate income taxes and the “double tax” of a c corporation. There are additional limitations as the corporation can have only one class of stock, must use the calendar year as its fiscal year, and no more than 25% of its income can be passive income over three consecutive years. Passive income includes rental income, interest and royalties. In New York State a corporation which elects to be taxed as an s corporation is taxed at a lower state corporate rate, there is not a complete exemption. In New York City, the s election does not reduce the city tax on corporations.
ADDITIONAL BENEFITS!!! – The s corporation not only is taxed at a lower reduced tax rate, but losses pass through as well and the losses can be used to offset other personal income. Our fee for the S corporation is $225 - includes the certificate of incorporation, filing receipt, organizational meeting minutes, by-laws, seal, share certificates and the s election paperwork - with filing usually confirmed with an email in 24 working hours.
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